ıncome ınequality对经济增长的非线性影响:选定国家的比较分析

IF 0.7 Q3 ECONOMICS
Emin Efecan Aktaş, Pelin Varol Iyidogan
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引用次数: 1

摘要

目的-本文通过采用非线性和内生性,对选定的发达和新兴市场经济体的收入不平等对经济增长的影响进行了质疑。方法:本研究分析基于1996 - 2018年的平衡面板,采用固定效应、系统广义矩量法和差分广义矩量法进行基线估计后的动态面板阈值分析。研究发现:本研究发现收入不平等与经济增长之间存在非线性关系。收入不平等对两个面板的增长都有显著的阈值效应。此外,新兴市场国家的门槛效应高于发达国家。这意味着新兴市场经济体受到的负面影响超过了发达经济体估计的阈值。含义-本文支持不平等可能对超过特定水平的经济增长造成更大的损害。另一方面,这些扭曲效应与国家的其他经济问题有关,如政府支出、通货膨胀、货物和服务出口、固定资本形成总额和外国直接投资。独创性-本文通过关注收入不平等的非线性效应以及高于或低于估计阈值的经济增长的不同方面,从而提供了跨国可比性和内生性,从而对文献做出了贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Nonlinear effects of ıncome ınequality on economic growth: A comparative analysis of selected countries
Purpose ― The paper queries the impacts of income inequality on economic growth in selected advanced and emerging market economies by adopting nonlinearity and endogeneity. Methods ― This research analysis is based on a balanced panel from 1996 to 2018 and employs the dynamic panel threshold analysis after baseline estimations with the fixed-effect, system Generalized Method of Moments, and difference Generalized Method of Moments. Findings ― This study finds a nonlinearity between income inequality and economic growth. Income inequality has a significant threshold effect on the growth of both panels. Besides, the threshold effect of emerging market countries is higher than the level for advanced countries. This means emerging market economies are negatively affected above the estimated threshold value according to the advanced economies. Implication ― This paper supports that inequality may harm much more economic growth above a specific level. On the other hand, these distorting effects are related to the other economic issues of countries, such as government spending, inflation, export of goods and services, gross fixed capital formation, and foreign direct investment. Originality ― This paper contributes to the literature by focusing on the nonlinear effects of income inequality and different aspects of economic growth above or below the estimated threshold value, thereby providing cross-country comparability and endogeneity.
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20.00%
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